India Takes Bricks Presidency Role
India officially assumed the BRICS presidency from Brazil, and such an appointment represents a significant shift. The country will host the 18th BRICS Summit in New Delhi—probably around August or September. Through several key strategic initiatives, the presidency has spearheaded various major financial alternative developments at the center of the BRICS de-dollarization agenda for 2026.
India’s External Affairs Minister S. Jaishankar was clear about the fact that:
"I don’t think there’s any policy on our part to replace the dollar. The dollar as the reserve currency is the source of global economic stability, and right now what we want in the world is more economic stability, not less.”
As it turns out, analysts are viewing the BRICS de-dollarization agenda for 2026 as what they’re calling a “De-dollarization 2.0” phase.
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